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here's a chart that shows america's trade deficit. and energy, imported energy comprises the largest account. we haven't had a balanced trade deficit since the 1970's when the job hemorrhage started in this country. and it gets worse every year. america's future depends on innovation. we can't continue to live like this. every community you go to in this country, they say, well, we have to move somewhere because my child can't find a job or, gosh, i had to get another job and i had my salary cut in half. it's pretty obvious what's been happening. the major category of trade deficits is energy imports. energy. because we are not self-sufficient in energy production in this country. part of the answer lies in new energy systems. systems that even nasa has helped us to begin to invent. yes, in the solar fields. yes, in new hydrogen technologies like cryogenic hydrogen. yes, in natural gas. thank goodness the department invested in fossil fuel technologies. that's where the fracking technologies came from. it came from thinking about the
here's a chart that shows america's trade deficit. and energy, imported energy comprises the largest account. we haven't had a balanced trade deficit since the 1970's when the job hemorrhage started in this country. and it gets worse every year. america's future depends on innovation. we can't continue to live like this. every community you go to in this country, they say, well, we have to move somewhere because my child can't find a job or, gosh, i had to get another job and i had my salary...
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Jul 10, 2013
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this $48 million would be put towards deficit reduction. look, opponents of the amendment are go to go claim this money is necessary for national security, but in fact that could not be further from the truth. in fact the question of the whether or not the united states enrichment corporation is truly vital is being reviewed by the general accountability office which is expected to release a report on both the national security question as well as the economics of sending further taxpayer dollars to the united states enrichment corporation. because the report is pending, t is in the best interest of hard-earned taxpayer dollars we suspend aid until we have more information as to what the company is doing with the money it is receiving. the united states enrichment corporation is so poorly run, last may the new york stock exchange threatened to delist them due to its financial health. articles over the years have documented its financial woes and the near monthly collapse of its stock prices. during the june share holders' meeting, 80% of th
this $48 million would be put towards deficit reduction. look, opponents of the amendment are go to go claim this money is necessary for national security, but in fact that could not be further from the truth. in fact the question of the whether or not the united states enrichment corporation is truly vital is being reviewed by the general accountability office which is expected to release a report on both the national security question as well as the economics of sending further taxpayer...
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Jul 10, 2013
07/13
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that are better used to invest in the future and paying off our deficit. we simply cannot afford to spend taxpayer dollars on research, the private sector can do better and taxpayers should not be asked to provide additional support to an industry that consistently has record-breaking profits. our energy sector has some of the of the most promising ideas and technologies in the world. our energy policy, however, is horribly outdated. h.r. 2609 slashes research and development for renewable energy by some 60% and adds additional money that the administration either want -- neither wants nor needs to research fossil fuels and clean coal. at the same time it continues to spend far too much on fossil fuel r&d. in fact, we dole out more fossil fuel subsidies than any other country. more than $500 billion in 2011. and they often go to expensive projects with little upside. the fact is we don't need to spend taxpayer money this way. fossil fuel companies are highly profitable, posting some of the highest profits in the world, and they can shoulder than other r&d
that are better used to invest in the future and paying off our deficit. we simply cannot afford to spend taxpayer dollars on research, the private sector can do better and taxpayers should not be asked to provide additional support to an industry that consistently has record-breaking profits. our energy sector has some of the of the most promising ideas and technologies in the world. our energy policy, however, is horribly outdated. h.r. 2609 slashes research and development for renewable...
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Jul 10, 2013
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it's an opportunity to reduce our deficit and make our government work better. this amendment represents a relatively small change to the bill but i believe it speaks to a larger principle. it will be an inappropriate use of taxpayer money to purchase more cars when so many folks across the country are being forced out of work and so many critical projects sit untouched. i urge my colleagues to support this amendment and i yield back. the chair: the gentleman yields back the balance of his time. for what purpose does the gentleman from new jersey seek recognition? mr. frelinghuysen: i move to strike the last word, mr. chairman. the chair: the gentleman is recognized for five minutes. to relinghuysen: i rise oppose the gentleman from georgia's amendment. the amendment -- his amendment is overly broad and would prevent the department of energy, the army corps of engineers, the bureau of reclamation, the national nuclear security agency, all agencies covered under our bill from leasing our purchasing any new vehicles. i understand my colleague's concerns with the s
it's an opportunity to reduce our deficit and make our government work better. this amendment represents a relatively small change to the bill but i believe it speaks to a larger principle. it will be an inappropriate use of taxpayer money to purchase more cars when so many folks across the country are being forced out of work and so many critical projects sit untouched. i urge my colleagues to support this amendment and i yield back. the chair: the gentleman yields back the balance of his...
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Jul 9, 2013
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but can you imagine what $2.3 trillion in our energy trade deficit translates into lost jobs in america over the last 10 years? it's a hemorrhage. our republic will not compete in this 21st century and beyond if we further reduce investments in this area and cede our energy to other countries. predatory foreign competition in energy poses a real security threat to our contry. i view it as the chief security threat to our country. i appreciate the chairman's commitment to ensure that technology developed with taxpayer dollars benefits our nation first. department of energy, however, must do more to ensure that intellectual property supported by federal dollars furthers the interest of the united states economy. and i'm concerned with the level of funding, i appreciate the chairman's commitment to american manufacturing in this bill, manufacturing remains one of the most important job drivers in our economy. usingere is little use in federal dollars that are ultimately made in america and manufactured domestically. america must do more to reverse the trend of domestic firms shifting produ
but can you imagine what $2.3 trillion in our energy trade deficit translates into lost jobs in america over the last 10 years? it's a hemorrhage. our republic will not compete in this 21st century and beyond if we further reduce investments in this area and cede our energy to other countries. predatory foreign competition in energy poses a real security threat to our contry. i view it as the chief security threat to our country. i appreciate the chairman's commitment to ensure that technology...
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Jul 11, 2013
07/13
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there's going to be a deficit used to be made up by mandatory coverage provisions. all that money has to come from somewhere. so you just are put to a choice, i guess. bankrupting the insurance companies, and the whole system comes tumbling down, or else enacting a federal subsidy program that the insurance would like. now, it is clear that there is a difference between the ememployer mandate and the individual mandate. the individual mandate is the core of the issue. we don't require americans, we are going to continue to have people that have free rides. they walk into the emergency room and get taken care of. nd you and i that work -- walk and pay emergency room for it, have to pay $1,000 a year toward their coverage. healthcare.gov is on the computer. you can look in there. there is a section for small businesses. i'm sure you have looked in there. you can read, obviously, so you know what's there. explain what is really going to happen to individuals when this law is implemented in january, as people are enrolled from september to october 1, what's going to hap
there's going to be a deficit used to be made up by mandatory coverage provisions. all that money has to come from somewhere. so you just are put to a choice, i guess. bankrupting the insurance companies, and the whole system comes tumbling down, or else enacting a federal subsidy program that the insurance would like. now, it is clear that there is a difference between the ememployer mandate and the individual mandate. the individual mandate is the core of the issue. we don't require...
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Jul 12, 2013
07/13
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we do not have a deficit right now. we have the opposite of a deficit right now. as of june the u.s. government was taking in $117 billion more that month than it was putting out. we are not in the red, we are in the black. this is the largest june budget surplus ever recorded in the history of the united states of america. but still, a thousand florida national guardsmen are not filling sandbags one day a week every week indefinitely even through storm season because congress panicked about that budget deficit that we do not have. and the deputy manager of the program to land this drone on the "u.s.s. george h.w. bush" says he is furloughing in place on the aircraft carrier while the drone is finally completing its historic landing. this is basically how it goes in the nonsense hold that we call the american congress right now. in that nonsense hole, house republicans find themselves digging deeper and deeper and deeper with no real plans on how to get out. i, though, have an idea for how to help them. do you remember the big deal in washington right now is that
we do not have a deficit right now. we have the opposite of a deficit right now. as of june the u.s. government was taking in $117 billion more that month than it was putting out. we are not in the red, we are in the black. this is the largest june budget surplus ever recorded in the history of the united states of america. but still, a thousand florida national guardsmen are not filling sandbags one day a week every week indefinitely even through storm season because congress panicked about...
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Jul 10, 2013
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we did it in 2005 under the ccra anchts the deficit reduction reduction act. senator harkin's appropriations committee has made changes to the eligibility rules to the pell grants each of the past several years outside of the higher education authorization, including the elimination of summer eligibility, ability to benefit, and lower of the automatic enrollment for low-income students. i mean, it -- it's just not fair to come and say, to me, that i'm doing an outside higher reauthorization. there is a track record continually of the person that accused us of doing it of doing it himself, of let me say that he is accurate. i'd be happy to yield. mr. manchin: if i could, i want to thank the good senator for working in such a bipartisan manner. this bill haif this bill has bed as belonging to one party or the other, it is wrong. we sat down together, senator cobun, senator a aalexander, senator burr, and we had senator carperrer and looked at how we could fiction something. this deadline hit, we knew one year ago when we extended it, they said it was a political
we did it in 2005 under the ccra anchts the deficit reduction reduction act. senator harkin's appropriations committee has made changes to the eligibility rules to the pell grants each of the past several years outside of the higher education authorization, including the elimination of summer eligibility, ability to benefit, and lower of the automatic enrollment for low-income students. i mean, it -- it's just not fair to come and say, to me, that i'm doing an outside higher reauthorization....
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Jul 10, 2013
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another one was that deficit spending is not bad public policy. a third one, punishment is not a deterrent to crime. and the fourth one -- and this is a big one -- is that government can run our lives better than people can. and that's exactly what we're talking about here. the reason they have been wanting to do this with regulating carbon, i think, is better articulated by a guy that i don't think anyone will argue could be the most knowledgeable scientist in america. his name is richard lindsen with m.i.t.. his quote was that regulating carbon is a bureaucrat's dream. if you regulate carbon, you regulate life. you control life. that's what bureaucrats want to do. that's what the environmentalists want to do in controlling our lives. they want to determine what cars we drive, what kind of houses we live in, how our cities are built, and all of that. and they can do all of this by regulating carbon dioxide. and democrats particularly in the senate have been unsuccessful in passing legislation to accomplish this. this is the key. it was way back d
another one was that deficit spending is not bad public policy. a third one, punishment is not a deterrent to crime. and the fourth one -- and this is a big one -- is that government can run our lives better than people can. and that's exactly what we're talking about here. the reason they have been wanting to do this with regulating carbon, i think, is better articulated by a guy that i don't think anyone will argue could be the most knowledgeable scientist in america. his name is richard...
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the white house site to the improving economy for t adjustment of the deficit projections saying this year the deficit will be $759 billion of first time it has been below $1 trillion under president obama. crude-oil today down $0.8 in gold gaining $22 selling at $1,235 an ounce and treasury yields dropping with the ted year closing at 10 .6% new details about the deadly crash of flight 214 from san francisco. the focus is now on the pilot who had little experience pleading for the first time as there francisco international business oriented to the runway they crashed. first call only two fatalities among the 307 passengers and crew. it ends the impeccable run of 18 years without a fatality and more than 90 million flight hours made it one of the safest aircraft in aviation history and investigators are trying to determine what caused a small engine aircraft to crash at the alaska air corps yesterday killing all 10 aboard. the pilot of the air taxi was described as highly experienced. some news you may have missed a the weekend a tragedy in canada could be the key to breaking the pol
the white house site to the improving economy for t adjustment of the deficit projections saying this year the deficit will be $759 billion of first time it has been below $1 trillion under president obama. crude-oil today down $0.8 in gold gaining $22 selling at $1,235 an ounce and treasury yields dropping with the ted year closing at 10 .6% new details about the deadly crash of flight 214 from san francisco. the focus is now on the pilot who had little experience pleading for the first time...
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07/13
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why is the trade deficit still soaring? why? >> by the way, i have to get out. i can't get in. >> there's a manufacturing renaissance. >> why are we losing jobs? >> it's called energy. >> we are producing more with fewer workers. it's amazing. >> by the way, not only are we importing less and less energy, we are going to be exporting more and more energy and it will bring the trade deficit to almost nothing which will give me a strong dollar, king dollar is going to look great. the inflation rate which is now 1% will go to 0% and you'll worry about deflation. >> then we're going to start 3-d printing gold. it will plummet even faster. >> gold is about 1,000 bucks an ounce. thank you, gentlemen. we appreciate it. >>> all hail the state of south dakota. cnbc has just named it as the number one state for business in america. and the man who puts that list together, cnbc's scott cone joins us live from the foot of mount rushmore. he'll explain. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it'
why is the trade deficit still soaring? why? >> by the way, i have to get out. i can't get in. >> there's a manufacturing renaissance. >> why are we losing jobs? >> it's called energy. >> we are producing more with fewer workers. it's amazing. >> by the way, not only are we importing less and less energy, we are going to be exporting more and more energy and it will bring the trade deficit to almost nothing which will give me a strong dollar, king dollar is...
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Jul 12, 2013
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and the deficit that exists in china today i think is a very real deficit that i think is an opportunity for u.s. exports. i think they're looking, china is looking to feed their people. dissatisfied a civil issue that they've got to solve in getting safe food to the people. it's not about an opportunity to import products and export it back out to japan. >> but again, mr. poe, they could feed their people by opening their markets to the great american pork products that we have and, of course, they have chosen, and i understand they would like your brand. it's an excellent brand. one of the concerns or questions i have is whether or not your brand which will be put on chinese pork, which has been less than stellar, and is going to be a problem for your brands down the road. but i wonder if dr. haley and commissioner slane would like to talk about the economics of all of this? >> well, i don't think, as i said before, that china are shuanghui bought smithfield for the pork. it's just 3% of chinese production. but what i see happening, what's happened in other industries, such as paper, s
and the deficit that exists in china today i think is a very real deficit that i think is an opportunity for u.s. exports. i think they're looking, china is looking to feed their people. dissatisfied a civil issue that they've got to solve in getting safe food to the people. it's not about an opportunity to import products and export it back out to japan. >> but again, mr. poe, they could feed their people by opening their markets to the great american pork products that we have and, of...
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Jul 14, 2013
07/13
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KCSMMHZ
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. >> the food security bill would add an enormous burden on the economy and could widen the fiscal deficit. furthermore, economist and economic analysis firms believe india cannot afford it and it is unviable. but the congress defies all this logic and has decided to go ahead with the bill. >> for many of our poor people, this maybe even life-changing. this may be life-saving. for many who are malnourished, delaying it by a single minute can save lives. >> whether it is the nationalist congress party, the printable opposition party, they are opposing the bill. they commonly believed that it is the congress' can make to catch votes -- you make -- gimmick to catch votes. >> i am personally opposed to the food security bill because it will cause more harm than good for the people of this country, but everyone is opposed to the ordinance route. i do not know why the government is deciding to follow that route. i hope they will not, but if they do, then it will be most undemocratic and not the way an important demonstration like this should be treated. >> in previous elections, congress gave fa
. >> the food security bill would add an enormous burden on the economy and could widen the fiscal deficit. furthermore, economist and economic analysis firms believe india cannot afford it and it is unviable. but the congress defies all this logic and has decided to go ahead with the bill. >> for many of our poor people, this maybe even life-changing. this may be life-saving. for many who are malnourished, delaying it by a single minute can save lives. >> whether it is the...
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i think it's good that the deficit is declining. we have a five-year low in the deficit. and spending is actually declining, too, contrary to the complication in the introduction. 47% reduction in spending last month over last year. last year at this time, a $60 billion deficit. we're definitely in the right direction. i challenge jim or anybody to tell me where is all this mammoth spending they're talking about the government is doing? we've been in a period of austerity. >> haven't said a word and being challenged. >> right. putting words in my mouth and attacking the words i never altered. fantastic. that's fantastic. >> we agree, then. right? >> listen, here's what i think. i think the deficit is going down. i think it's going down dramatically. is possible that until 2016 we might even have a surplus. an annual budget surplus. all that is possible. it's fantastic. the problem is that after about 2017, 2018, the deficit's going back up. a huge entitlement problem and every year that we won't, don't deal with the problem makes the fixes more elaborate and expensive. we
i think it's good that the deficit is declining. we have a five-year low in the deficit. and spending is actually declining, too, contrary to the complication in the introduction. 47% reduction in spending last month over last year. last year at this time, a $60 billion deficit. we're definitely in the right direction. i challenge jim or anybody to tell me where is all this mammoth spending they're talking about the government is doing? we've been in a period of austerity. >> haven't said...
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year so in italy expenditures rose by one point three percent revenue however remained flat and so the deficit rose to seven point three percent of g.d.p. up from six point six percent last year but they have a magical way to sort out their master treaty requirements to keep the deficit under three percent basically they have one hundred twenty billion euros that the government owes private contractors and they haven't paid and they can't pay because they just don't have the money nor does the e.u. want them to have to sell bonds in order to pay off these private debts and flavio is on a note economic development service says i would love to pay the past two debts of the public administration by two thousand and thirteen but i don't know if it can be done it's not ill will but there is a technical problem. where they're going to default essentially and they're just trying to get a default up a something other than a default and default is where everyone setting because there's no way that this ponzi scheme of global economic fraud can continue yeah and just like the first story you know the ge
year so in italy expenditures rose by one point three percent revenue however remained flat and so the deficit rose to seven point three percent of g.d.p. up from six point six percent last year but they have a magical way to sort out their master treaty requirements to keep the deficit under three percent basically they have one hundred twenty billion euros that the government owes private contractors and they haven't paid and they can't pay because they just don't have the money nor does the...
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Jul 9, 2013
07/13
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any deal on interest rates should not reduce the deficit on the backs of students. we should not trade national debt for student debt. and number two, we need to keep in place an interest rate cap, an interest rate cap as a key consumer protection to shield students from exorbitant rates in the future. now, i have the highest respect for our president. i served with him here. he was on our committee. i only wish that perhaps they had talked to us a little bit before they came out with their proposal. president obama came out with a proposal on student loans. the first president since 1958, first president, not democratic president, first president, democrat or republican, to propose going from a 91 t-bill date to a ten-year treasury note. no other president suggested that. secondly, no president since 1958, no president, has advocated removing the cap. president obama in his proposal proposed removing the cap. well, i believe it's safe to say that our caucus said no, we're not going to do that. we're not going to lift this key consumer protection of having an intere
any deal on interest rates should not reduce the deficit on the backs of students. we should not trade national debt for student debt. and number two, we need to keep in place an interest rate cap, an interest rate cap as a key consumer protection to shield students from exorbitant rates in the future. now, i have the highest respect for our president. i served with him here. he was on our committee. i only wish that perhaps they had talked to us a little bit before they came out with their...
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Jul 9, 2013
07/13
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you know, students have already contributed billions to deficit reduction. but the problem is senate republican leader has insisted all other proposals that we balance the budget on the backs of struggling students and their families, and so far they have refused to put the interest of students and tomorrow's middle class ahead of tax code spending that benefits the wealthy. what they've introduced is a bill that includes no cap on how high student loan rates could go, something c.b.o. tells us will mean students could be locked in at rates over 8% in just a few short years. and in fact, it would be better to absolutely do nothing now than to take up and pass the republican bill. you know, i bet everybody listening knows a family member or a coworker who is up to their neck in student debt. it is a weight that keeps them from helping to grow our economy or start a family or take risks with their careers. and it's a weight that is not easily shed. we can't continue to do this, to generation after generation of college students and expect to be able to compete
you know, students have already contributed billions to deficit reduction. but the problem is senate republican leader has insisted all other proposals that we balance the budget on the backs of struggling students and their families, and so far they have refused to put the interest of students and tomorrow's middle class ahead of tax code spending that benefits the wealthy. what they've introduced is a bill that includes no cap on how high student loan rates could go, something c.b.o. tells us...
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so i asked if they could pay for the tickets from a deficit to stumble they agreed and as a result we had a skype portrait session now i'm waiting on the tickets. if i decided to take annie as a hostage and go together to some other place but here i feel she can bring me luck. she's studying to be an art critic and it might be good practice for she can learn how to organize these kinds of projects but i hope she won't regret spending her time with such a con man as me. after our talk yesterday we feel that you are more interested in taking part in the documentary than in an exchange with us we are sorry to turn down your request but with i'm with you i got that message from person who invited me to kiev i received this morning just as i was about to leave. alone marina this is sergei bahl over the painter. well here's the problem we don't have a place to stay and i have no idea what to do hope it works out. ok we can walk there from the beatles here by. ha ha it's us while if this is on your money and nice to me. i marry now. that's what i've heard so this is what we traded for. do yo
so i asked if they could pay for the tickets from a deficit to stumble they agreed and as a result we had a skype portrait session now i'm waiting on the tickets. if i decided to take annie as a hostage and go together to some other place but here i feel she can bring me luck. she's studying to be an art critic and it might be good practice for she can learn how to organize these kinds of projects but i hope she won't regret spending her time with such a con man as me. after our talk yesterday...
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according to congressional budget office, the immigration bill would cut the deficit by nearly $200 billion over the next decade. critics say that conclusion is based on washington accounting tricks. using social security and medicare payroll contributions from newly legalized workers to find spending elsewhere. eventually all the money would have to be used to pay for the benefits that the workers would draw during their retirement. kid is amazing. accoing to the heritage foundation once the amnesty recipients reach retirement age the annual net cost to taxpayers will reach $160 billion per year now, if those numbers are rrect this is not a great ide remember, it was the congressional budget office that initially projected obamacare would cost 900 billion over ten years. now as they revise a further they double their estimate. these are vy early estimates. i think even the congressional budget office would agree. and then there is the little matter of loopholes dollars a big deal in washington. the word whenever appears in the gang of a legislation 94 times. given the power to grant waiver
according to congressional budget office, the immigration bill would cut the deficit by nearly $200 billion over the next decade. critics say that conclusion is based on washington accounting tricks. using social security and medicare payroll contributions from newly legalized workers to find spending elsewhere. eventually all the money would have to be used to pay for the benefits that the workers would draw during their retirement. kid is amazing. accoing to the heritage foundation once the...
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Jul 12, 2013
07/13
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KRON
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they were done then to reduce layoffs in the face of a record budget deficit. union officials say the ruling means more officers will leave the department for higher pay elsewhere. the city has proposed either a two- percent pay raise for all officers or a two - and-a- half percent raise for those officers already at the top of the scale. pablo sandoval hit his first home run since may 21, and all-star madison bumgarnerallow just four hits in seven innings as the giants beat the padres 4-2. seven innings as the giants b[ male announcer ] to all you burger aficionados... show your love. 'cause mcdonald's just topped perfection with the all-new quarter pounder burgers. three delectable choices. new quarter pounder burgers. another new way to love mcdonald's. ♪ the lefty struck out six and walked one. the win moves the team into crystal geyser is always bottled at the mountain source. crystal geyser. crystal geyser. crystal geyser. then we deliver it directly to you. >>erica: thanks for liking up to the kron4 morning news. at 455 we are focusing on the forecast.
they were done then to reduce layoffs in the face of a record budget deficit. union officials say the ruling means more officers will leave the department for higher pay elsewhere. the city has proposed either a two- percent pay raise for all officers or a two - and-a- half percent raise for those officers already at the top of the scale. pablo sandoval hit his first home run since may 21, and all-star madison bumgarnerallow just four hits in seven innings as the giants beat the padres 4-2....
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Jul 14, 2013
07/13
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CNN
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in 2011 we hadn't done a great deal of deficit reduction. at this point if you look at with all the noise and all the messiness of the washington political process, we're in a very different place than we were four years ago. four years ago we hadn't cut discretionary spending. we hadn't done an increase in the tax rates at the top rate. between those two decisions we took care of about 60% of the deficit problem. there was an agreement that we had a $4 trillion problem over ten years. now, sequestration kicked in because -- >> the simpson-bowles number was they were trying to get it down 10 trillion over four years. >> it was simpson-bowles and it was also kind of a broad bipartisan consensus in washington that the goal for this period was $4 trillion. in the budget control act of 2011 this process of across-the-board cuts was put in place because it was seen as so odious, so bad for domestic and defense policy, that it would make it necessary and possible for congress to make hard decisions, to have balanced entitlement reforms and tax ref
in 2011 we hadn't done a great deal of deficit reduction. at this point if you look at with all the noise and all the messiness of the washington political process, we're in a very different place than we were four years ago. four years ago we hadn't cut discretionary spending. we hadn't done an increase in the tax rates at the top rate. between those two decisions we took care of about 60% of the deficit problem. there was an agreement that we had a $4 trillion problem over ten years. now,...
WHUT (Howard University Television)
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Jul 9, 2013
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they slashed the budget deficit by $214 billion. they say it should get to $759 billion. >>> softbank is looking to make a full-fledge launch into the united states, on the verge of acquiring the third largest american carrier, sprint nextel. a boost by clearwire. company's shareholders agreed to become a wholly owned subsequent -- subsidiary of sprint. softbank has been approved by regulators. it faces an uphill battle to gain an edge over rivals, though. sprint's base is only about half that of verizon and at&t. >>> the world's first credit card was in the united states in 1950. the cards have become ubiquitous and completely have changed the way people pay for merchandise. more merchants than ever can accept credit cards these days. that may also be the case here in japan. a u.s. firm has developed a system that allows ve s merchan accept credit cards. the new payment service is called square. many small business owners can't afford to implement the traditional credit card transaction systems but the point of sale gadget square c
they slashed the budget deficit by $214 billion. they say it should get to $759 billion. >>> softbank is looking to make a full-fledge launch into the united states, on the verge of acquiring the third largest american carrier, sprint nextel. a boost by clearwire. company's shareholders agreed to become a wholly owned subsequent -- subsidiary of sprint. softbank has been approved by regulators. it faces an uphill battle to gain an edge over rivals, though. sprint's base is only about...
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Jul 11, 2013
07/13
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if you want to reduce the deficit, investing in education. thank you very much. >> the house today approved a farm bill by a vote bill2126- 216-208. opposed theucus farm bill and launched a protest. here is that debate. >> further embellishments will result in a deduction of time from the yielding member. ther. speaker, i yield to gentleman from florida, mr. hastings for unanimous consent. >> i ask unanimous consent to revise and extend my remarks in very strong opposition to the farm bill and underlying bill because it takes the safety net away from american families. >> without objection, the time is charged. >> i yield to the gentleman from new york. >> thank you. i ask unanimous consent to revise and extend my remarks in strong opposition to the farm bill rolen the airline bill because it hurts america's children. correct -- rule and the underlying bill because it >> mr. speaker, and ask unanimous consent to revise my remarks. >> without objection. >> the gentleman from massachusetts. >> i yield to the gentlewoman from florida. >> i ask u
if you want to reduce the deficit, investing in education. thank you very much. >> the house today approved a farm bill by a vote bill2126- 216-208. opposed theucus farm bill and launched a protest. here is that debate. >> further embellishments will result in a deduction of time from the yielding member. ther. speaker, i yield to gentleman from florida, mr. hastings for unanimous consent. >> i ask unanimous consent to revise and extend my remarks in very strong opposition to...
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Jul 7, 2013
07/13
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if you look prior to 1970 and what the federal deficit gdp ratio over time from the revolution what you think the pitcher with a klay? not numbers, just shapes. yes. is "war and peace." not just united states i could've said britain or fate france but prior to 1970 the debt would rise in wartime and in peacetime spending fell and ratio's decline to afterwards there was a large spending and social security and medicare with social welfare spending without the industrial world increased the debt to gdp ratios substantially where tim and i come down is that this is not a book about policy or economics. we see it as a political problem and each of these great powers have a system that is too polarized to do with the problem right in front of their eyes. and to get out of it is three things. the standard e economist joke, and the game of basketball and reading the audience. i can look you and tell you the economics was the favorite class in college. how does that look? and you remember the classic economic -- economists joke which we hate but of course, it is the economist and a physicist ar
if you look prior to 1970 and what the federal deficit gdp ratio over time from the revolution what you think the pitcher with a klay? not numbers, just shapes. yes. is "war and peace." not just united states i could've said britain or fate france but prior to 1970 the debt would rise in wartime and in peacetime spending fell and ratio's decline to afterwards there was a large spending and social security and medicare with social welfare spending without the industrial world increased...
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Jul 10, 2013
07/13
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why that will boost the economy and cut the deficit. adam: we are guessing that lou dobbs has a little to say about this. adam: walmart is threatening to walk. possibly canceling plans to build in the nations capital. lori: let's head to the floor of the new york stock exchange. market turning down here as we wait for the feds minute release. even if it were to post again today and be higher than yesterday, it is another record-setting day. we are watching oil which is a key story today. i am watching hewlett-packard very closely. this was a real ladder last year. the analysts are doing 180s as well. citigroup now put a buy rating on hewlett-packard. this comes on the heels of green yesterday. this is why they are turning around. adam: thank you very much. breaking news. crude oil. phil flynn of price futures group is in the trading pits of this cme. >> i would call it a stunning drop in supplies. not only do you have the heating of tensions in the middle east and you have surging demand in the united states. everybody thought in americ
why that will boost the economy and cut the deficit. adam: we are guessing that lou dobbs has a little to say about this. adam: walmart is threatening to walk. possibly canceling plans to build in the nations capital. lori: let's head to the floor of the new york stock exchange. market turning down here as we wait for the feds minute release. even if it were to post again today and be higher than yesterday, it is another record-setting day. we are watching oil which is a key story today. i am...
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Jul 10, 2013
07/13
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the deficit will go down. and basically go get it from somewhere else in the savings. there's plenty of fat in that national budget, and we could all agree on that. >> all right. gentlemen, thank you both for your thoughts today. appreciate it very much. >> pleasure. >> thank you so much. >>> we have 35 minutes before the closing bell sounds for the day. we have a market off of the lows, down about 18 points on the dow. >> is there any stopping hewlett-packard stock these days? it's up more than 80% just this year. and it has been the best performer among the dow components in 2013. when we come back, we'll hear from somebody who says hp is just getting started. >>> meanwhile, tensions in egypt showing no signs of cooling down. coming up, one of egypt's richest mens explains how the turmoil is impacting the economy and the world. what might happen in his company. don't miss it as we navigate the happenings in cairo. ♪ build! we're investing big to keep our country in the lead. ♪ load! we keep moving to deliver what you need. and that means growth, lots of cargo goi
the deficit will go down. and basically go get it from somewhere else in the savings. there's plenty of fat in that national budget, and we could all agree on that. >> all right. gentlemen, thank you both for your thoughts today. appreciate it very much. >> pleasure. >> thank you so much. >>> we have 35 minutes before the closing bell sounds for the day. we have a market off of the lows, down about 18 points on the dow. >> is there any stopping hewlett-packard...
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Jul 6, 2013
07/13
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guest: i think that the trade deficit had been an issue for the u.s. there have been a lot of jobs, essentially we opened up ourselves to the world from a global trade perspective and we didn't really put a lot of emphasis on making sure that the other countries that we were doing business with had, say, the same labor standards, the same pay levels. so many american workers were thrown into competition with a huge global competition with workers willing to be paid a lot less. so a lot of that work was transferred there. some people say that's the way it goes and how the global economy moves around. that might be the case. but that doesn't mean there aren't jobs americans can't do. and the definition of doing something that your caller -- i agree that there are do-nothing jobs in every organization probably. but the point that your caller was making i think there are -- the definition of doing something is very broad and there are a lot of thing that is need to be done in this country including services jobs that aren't getting filled by the private se
guest: i think that the trade deficit had been an issue for the u.s. there have been a lot of jobs, essentially we opened up ourselves to the world from a global trade perspective and we didn't really put a lot of emphasis on making sure that the other countries that we were doing business with had, say, the same labor standards, the same pay levels. so many american workers were thrown into competition with a huge global competition with workers willing to be paid a lot less. so a lot of that...
WHUT (Howard University Television)
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Jul 9, 2013
07/13
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there are fears the country's thant deficit is far worse previously estimed. stability is key to a revival. >> from my point of view, we have the demonstrations to get the economy [indiscernible] hoping to get into a common opinion everyone agrees about. will not encourage foreign investment or political trust. it is not the atmosphere for free and fair elections. the army is surrounding the protesters encampments. unless a compromise is agreed soon, more violent confrontations looked likely. and that is the concern now with forces in deadlock and confrontationnd calls for what the muslim brotherhood calls and intifada, all the risk of more violence at a time when tensions are already running high. on the other side of cairo in tahrir square, people have been gathering that with a very different message, saying the military had to act last week to restore the revolution. now, are competing camps trying to reclaim the mantle of the revolution while all the while concern grows for future stability here in egypt. we will keep an eye on all of the developments. an
there are fears the country's thant deficit is far worse previously estimed. stability is key to a revival. >> from my point of view, we have the demonstrations to get the economy [indiscernible] hoping to get into a common opinion everyone agrees about. will not encourage foreign investment or political trust. it is not the atmosphere for free and fair elections. the army is surrounding the protesters encampments. unless a compromise is agreed soon, more violent confrontations looked...
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Jul 9, 2013
07/13
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they have also slashed their estimate of the budget deficit for this fiscal year by $214 billion to $759 billion. here are the latest market figures. >>> there's a strong typhoon on the way to southern okinawa, japan. rch r rachel ferguson is here with that. >> we've been tracking this system as it heads west towards okinawa. this is it right now. you can see that eye being quite clearly defined in the cloud just there. so this is actually a pretty strong storm and it is building in strength as well. it's already what we call a strong typhoon here in the west pacific, maybe if you are more used to the south hurricane scale, it would be a category 1. and we're looking for it to actually intensify to a category 2, that's on the hurricane scale, by the next wednesday, thursday, the next couple of days as it heads further towards the west. now, also in the line of fire is going to be taiwan. so this system certainly going to be in our news into the weekend currently moving west at 20 kilometers an hour. the winds are sustained at 144 kilometers an hour with wind gusts now at 216. so it is re
they have also slashed their estimate of the budget deficit for this fiscal year by $214 billion to $759 billion. here are the latest market figures. >>> there's a strong typhoon on the way to southern okinawa, japan. rch r rachel ferguson is here with that. >> we've been tracking this system as it heads west towards okinawa. this is it right now. you can see that eye being quite clearly defined in the cloud just there. so this is actually a pretty strong storm and it is building...
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Jul 10, 2013
07/13
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we've also seen that it will lower our deficits by $850 billion over the next 20 years, and because of the influx of younger workers and more undocumented workers paying payroll taxes, we've seen it will actually increase the solvency of social security by two years, and i think you have to look what else is in this bill. this bill brings in new visas for people doing startups, who are creating jobs. it conditions the visa on them being able to create jobs, that creates jobs for people here. the studies overwhelmingly show that for native existing workers, this immigration is almost always a good deal. this even shows that over 20 years wages would go up half a percent for the economy as a whole, so i -- i think, you know, it's very interesting. you often have me on the show replying to paul ryan or grover norquist or douglas holtz eakin. this is something where those leading republican budget and economic experts and someone like myself are in complete agreement. we agree that common sense immigration reform is a win for economy, a win for growth and win for deficit reduction. >> a lo
we've also seen that it will lower our deficits by $850 billion over the next 20 years, and because of the influx of younger workers and more undocumented workers paying payroll taxes, we've seen it will actually increase the solvency of social security by two years, and i think you have to look what else is in this bill. this bill brings in new visas for people doing startups, who are creating jobs. it conditions the visa on them being able to create jobs, that creates jobs for people here....
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Jul 12, 2013
07/13
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so that end deficit, it was agreed deficit countries need to raise national saving and large surplus nations needed to boost domestic demand. and as well as pursue greater exchange rate flexibility. there has been a good degree proving guess on rebalancing. you see this in the current account positions around the world. there are also has been progress in moving towards more markets determination of exchange rates. you see this in particular in our discussions with the chinese. i think there's a stronger consensus. there's a consensus around the need for greater exchange rate reforms in the g20 and we've been able to redraft the language and build a consensus around great market determination of exchange rates, enhanced flexibility, refraining from competitive devalues -- devaluation and the like. what, you know, obviously the global economy has evolved and faced some different consults since, since pittsburgh and one of the key things that we've tried to emphasize, as we pursue the path of raising national savings that countries around the rest of the world boost domestic demand so
so that end deficit, it was agreed deficit countries need to raise national saving and large surplus nations needed to boost domestic demand. and as well as pursue greater exchange rate flexibility. there has been a good degree proving guess on rebalancing. you see this in the current account positions around the world. there are also has been progress in moving towards more markets determination of exchange rates. you see this in particular in our discussions with the chinese. i think there's...
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Jul 6, 2013
07/13
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deficit and energy policy. honeywell is a fortune 100 consumer t produces goods for airo space systems. >> well, welcome, everyone. this is a delight to be able to speak with dave cote. we're going to cover a variety of topics today so we'll jump right in. everything from the debt, as john mentioned, and the riskyness of being on risk committees. interestingly, there's kind of a larger topic maybe to address first, which is that honeywell is in more than 150 countries. it is a diverse conglomerate. it has business in everything from emissions controls to avionics to protective clothing. i would imagine you are able to kind of give us a better read on the kind of global economy at this stage of the game than the imf could. could you give us a sense of what's happening out there? where is growth likely to come from? >> right now, in my view, not much is happening at all. i was talking with bob earlier and we were kind of comparing notes. i hope ben bernanke is right. i'm not an economist or a forecaster so i have
deficit and energy policy. honeywell is a fortune 100 consumer t produces goods for airo space systems. >> well, welcome, everyone. this is a delight to be able to speak with dave cote. we're going to cover a variety of topics today so we'll jump right in. everything from the debt, as john mentioned, and the riskyness of being on risk committees. interestingly, there's kind of a larger topic maybe to address first, which is that honeywell is in more than 150 countries. it is a diverse...
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Jul 10, 2013
07/13
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in specifics, it reads that reform will grow the economy by 3.3% and bring down the deficit by close to $8850 billion over the next -- by close to $850 billion over the next 20 years. we're back after the break. actually mean it. >> you're putting out there something that you're proud of. journalists want the the story and they want the right story and the want the true story. >> you can say anything here. >> i spent a couple of hours with a hooker. >> your mistake was writing a check. >> she never cashed it! >> the war room. >> compared to other countries with tighter gun safety laws our death toll is just staggering. >> the young turks. >> the top bankers who funneled all the money to the drug lords, no sentence. there's just no justice in that. >> viewpoint. >> carl rove said today that mitt romney is a lock to win next pope. he's garunteeing it. >> joy behar: say anything. >> is the bottom line then that no white person should ever, ever, ever use the "n" word? >> yes! >> only on current tv. >> stephanie: it is "the stephanie miller show." welcome to it. six minutes after the hou
in specifics, it reads that reform will grow the economy by 3.3% and bring down the deficit by close to $8850 billion over the next -- by close to $850 billion over the next 20 years. we're back after the break. actually mean it. >> you're putting out there something that you're proud of. journalists want the the story and they want the right story and the want the true story. >> you can say anything here. >> i spent a couple of hours with a hooker. >> your mistake was...